To increase or decrease the monthly rent charge, edit the tenant (Tenants Menu, right-click tenant, choose Edit). In the lower right of the tenant edit window choose ‘edit rent’, and adjust the dollar amount accordingly. All future rent charges will be based upon the new amount entered.
To change the due date.
Go to Settings, Recurring Transactions and select the edit icon in the Actions column. (Editing from this portion of the program requires careful attention as it can significantly affect the accounting in your program.)
For updating rent, ONLY change the BEGIN DATE and the AMOUNT. To adjust the due date, be sure to ONLY change the BEGIN DATE and the INTERVAL SPECIFIC (this is the day of the month the rent is due.)
Historical charges or due dates will not be adjusted in the tenant’s ledger with this change – only future transactions will be.
To learn more about recurring transactions, watch the video below.